Terms of the deal, announced by Microsoft on January 19, were not disclosed. Microsoft is not buying Teacher Gaming itself, but only the MinecraftEdu line from Teacher Gaming, which will continue to do business in Finland and New York City.

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"Minecraft Education Edition will be shaped by a growing community of educators throughout its development this spring and through the educator community online at http://education.minecraft.net," according to Microsoft's blog post.

Until Minecraft Education Edition is ready, existing customers of MinecraftEdu can continue using the product as usual, according to a blog post on Teacher Gaming's site. Existing customers also will get a year free of Minecraft Education Edition once it is available.